ARK Investment Management LLC Acquires Shares of 1,272,690 Pony AI Inc. – Sponsored ADR $PONY

ARK Investment Management LLC bought a new position in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,272,690 shares of the company’s stock, valued at approximately $28,623,000. ARK Investment Management LLC owned approximately 0.33% of Pony AI at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new position in Pony AI in the 1st quarter worth approximately $139,000. CWM LLC acquired a new stake in shares of Pony AI in the second quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Pony AI during the second quarter valued at $1,693,000. BP PLC purchased a new position in shares of Pony AI during the second quarter valued at $346,000. Finally, SBI Securities Co. Ltd. lifted its stake in Pony AI by 776.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 15,329 shares of the company’s stock worth $202,000 after acquiring an additional 13,580 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays began coverage on Pony AI in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 target price on the stock. Citigroup reiterated a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. CLSA began coverage on shares of Pony AI in a research note on Friday, January 2nd. They set an “outperform” rating and a $22.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a report on Thursday, January 22nd. Finally, Macquarie Infrastructure began coverage on Pony AI in a report on Monday, December 15th. They set an “outperform” rating and a $29.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.10.

Pony AI Stock Up 4.6%

Shares of PONY opened at $13.50 on Thursday. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of -9.57 and a beta of 6.26. The company’s fifty day moving average is $14.92 and its 200-day moving average is $16.07. Pony AI Inc. – Sponsored ADR has a 12 month low of $4.11 and a 12 month high of $24.92.

Pony AI Profile

Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.

Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.